Regulatory Finance Consultant

Job Title: Regulatory Finance / Regulatory Reporting Consultant (Contract)

Salary: Competitive, dependent on experience (Day rate, outside IR35)

Location: Edinburgh (Hybrid)

Overview

An exciting opportunity has arisen for a Regulatory Finance / Regulatory Reporting Consultant to join a specialist consultancy working with clients across the regulated utilities sector, primarily within water and energy.  The role will focus on helping regulated businesses ensure their regulated and non-regulated activities are properly separated, both financially and operationally, while meeting regulatory requirements and licence conditions.  You’ll work closely with the CFO and senior stakeholders, helping to review existing processes, design improvements and put the appropriate systems, controls and reporting in place.  The role would suit someone from either a consulting or industry background with experience in regulatory finance, regulatory accounting, financial separation or a similar regulated environment.

Key Responsibilities

Financial Separation & Regulatory Finance

Advise clients on the financial and operational separation of regulated and non-regulated activities

Review existing finance structures, processes and controls and identify areas for improvement

Develop and implement cost allocation methodologies for shared costs, overheads, services and capital

Support financial ring-fencing and ensure compliance with relevant licence conditions

Develop and review transfer pricing and related-party transaction frameworks

Support the preparation of regulatory accounts, reconciliations and financial submissions

Assist with Annual Performance Reports and other regulatory reporting

requirements

Review finance systems, chart of accounts and reporting structures to support effective financial separation

Develop policies, procedures and controls to ensure separation

requirements are maintained

Work with external auditors and regulators on regulatory and financial separation matters

Prepare clear reports and presentations for senior management, Boards and Audit & Risk Committees

Keep clients up to date with regulatory changes and advise on the impact on finance processes and controls

Person Specification

ICAS, ACCA, CIMA or equivalent professional qualification

Strong financial accounting, regulatory finance or related background

Experience in regulatory finance, regulatory accounting, financial separation or a similar area

Experience working within a regulated industry or consulting/advisory environment

Strong understanding of financial reporting, controls and accounting processes

Experience with cost allocation, regulatory reporting, financial controls or related-party transactions

Experience working with senior finance stakeholders, auditors or regulatorsDesirable

Experience within a regulated sector

Experience with financial ring-fencing or accounting separation

Experience supporting regulatory submissions or licence compliance

Previous consulting or professional services experience

Knowledge & Skills

Strong understanding of regulatory and financial accounting

Knowledge of cost allocation and activity-based costing

Understanding of financial separation and ring-fencing

Knowledge of transfer pricing and related-party transactions

Understanding of statutory versus regulatory reporting

Strong analytical and problem-solving skills

Excellent stakeholder management and communication skills

Ability to translate complex regulatory

requirements into practical finance processes

Good understanding of finance systems and reporting structures

Analytical and detail-focused with a strong understanding of financial controls

Confident communicator who can work with both finance and non-finance stakeholders

Comfortable managing multiple client projects and working to deadlines

Pragmatic approach to problem solving and process improvement

Strong relationship-building and stakeholder management skills

Able to work independently while contributing effectively to a wider consulting team

Additional Information

This is a strong opportunity for someone looking to build their career within regulatory finance, financial separation and finance transformation, with exposure to complex client projects and senior stakeholders.

Please send your CV to Rosie Hutcheon, or call (phone number removed) via the ‘Apply Now’ option to be considered for the role